Check out NorthBridge’s latest informative video about the Scientific Research and Experimental Development (SR&ED) program!
Revised SR&ED T661 Claim Form
In October of 2012, the Canada Revenue Agency (CRA) will be releasing a new Form T661(12), Scientific Research and Experimental Development (SR&ED) Expenditures Claim, to accommodate the legislative changes proposed in the March 2012 federal budget. These changes will begin taking… Read more »
OECD Economic Survey: Research and Development Outlook in Canada
The Organisation for Economic Co-operation and Development (OECD) released the June 2012 results of the OECD Economic Surveys for Canada’s macro-economic state of affairs. The report indicates that the economy is picking up, with a positive outlook for continued moderate… Read more »
Ownership and Its Impact on SR&ED- CCPC versus Public-Owned or Foreign-Owned Corporations
In the recent case “Price Waterhouse Coopers Inc., agissant ès qualité de syndic à la faillite de Bioartificial Gel Technologies (BAGTECH) Inc. v. The Queen,” the Tax Court of Canada ruled in favour of Bagtech that it qualified as a Canadian-controlled… Read more »
SR&ED Addressed by the Provincial Budgets of Western Provinces
The three western provinces have each addressed SR&ED in their respective 2012 provincial budgets. Alberta has enhanced their SR&ED program by $25 million, Saskatchewan has reduced their SR&ED program, and British Columbia did not make any changes to their SR&ED… Read more »
NorthBridge Featured in Canadian Tooling & Machining Association Magazine
NorthBridge Consultants was featured in Canadian Tooling and Machining Association’s spring 2012 edition. The article, entitled “Strengthening your SR&ED Claims with Documentation,” emphasized the importance of contemporaneous project documentation and financial documentation requirements in order to adequately support a SR&ED claim. A well-supported,… Read more »
CMC Urges Federal Government to Reconsider Changes to SR&ED Program
In a letter to Finance Minister Jim Flaherty, the Canadian Manufacturing Coalition (CMC) addressed concerns about recent changes to the SR&ED program. 1. Reducing the SR&ED Investment Tax Credit (ITC) rate from 20% to 15% will directly and negatively affect… Read more »
Changes to the SR&ED Program
The Scientific Research and Experimental Development (SR&ED) tax incentive program provided $3.6 billion in tax assistance for research and development in 2011. In the past year, the SR&ED program was reviewed by an Expert Panel which presented a series of recommendations… Read more »
Is Entrepreneurship Waning in Canada?
The Globe and Mail recently addressed the fact that in recent years, the relative impact of self-employment across Canada has been waning. Self-employment has always been an important feature of the Canadian economy; the OECD lists Canada as one of the… Read more »